Company Registration No. 07823486 (England and Wales)
W P PIPELINES LTD
Unaudited accounts
for the year ended 31 October 2023
W P PIPELINES LTD
Unaudited accounts
Contents
W P PIPELINES LTD
Company Information
for the year ended 31 October 2023
Directors
Mr Mark Pearce
Mr Simon Whitby
Company Number
07823486 (England and Wales)
Registered Office
UNIT 5 HARDWICK LANE IND EST
SUTTON IN ASHFIELD
SUTTON-IN-ASHFIELD
NOTTINGHAMSHIRE
NG17 5DQ
ENGLAND
Accountants
BFS Accountants Ltd
The Willows
Southwell Road West
Mansfield
Nottinghamshire
NG21 0HJ
W P PIPELINES LTD
Statement of financial position
as at 31 October 2023
Tangible assets
45,499
57,956
Cash at bank and in hand
12,956
7,220
Creditors: amounts falling due within one year
(65,907)
(70,540)
Net current assets
61,794
39,499
Total assets less current liabilities
107,293
97,455
Creditors: amounts falling due after more than one year
(9,441)
(14,894)
Provisions for liabilities
Deferred tax
(13,671)
(13,671)
Called up share capital
2
2
Profit and loss account
84,179
68,888
Shareholders' funds
84,181
68,890
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2024 and were signed on its behalf by
Mr Mark Pearce
Director
Company Registration No. 07823486
W P PIPELINES LTD
Notes to the Accounts
for the year ended 31 October 2023
W P PIPELINES LTD is a private company, limited by shares, registered in England and Wales, registration number 07823486. The registered office is UNIT 5 HARDWICK LANE IND EST, SUTTON IN ASHFIELD, SUTTON-IN-ASHFIELD, NOTTINGHAMSHIRE, NG17 5DQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
145,144
107,800
252,944
At 31 October 2023
145,144
109,988
255,132
At 1 November 2022
121,495
73,493
194,988
Charge for the year
8,167
6,478
14,645
At 31 October 2023
129,662
79,971
209,633
At 31 October 2023
15,482
30,017
45,499
At 31 October 2022
23,649
34,307
57,956
W P PIPELINES LTD
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
59,745
47,972
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,000
5,000
Trade creditors
1,316
1,316
Taxes and social security
2,168
9,361
Loans from directors
54,512
52,592
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 8 (2022: 8).